Stephanomics

Episode 17: When Does it Make Sense to Cheat?

Stephanomics

(Bloomberg) -- This year has been full of cheaters. From bad boy pharmaceutical executive Martin Shkreli to the Patriots' Tom Brady to Volkswagen, allegations and incidents of cheating have been front-page news fodder. But is there sometimes an economic case to be made for such duplicitous dealings? Robert Stonebraker, a professor at Winthrop University, joins Benchmark podcast hosts Aki Ito and Tori Stilwell to discuss how the decision to cheat is a rational one, and why it's becoming an easier one to make thanks to globalization. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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